Statistics for Data Science

Purpose

Through the practice of data mining, a data scientist can achieve (the aforementioned) goal of deriving actionable information from long information or data.

Some have said that the objective of data mining is to discover structure inside unstructured (data). For example, you might use data mining to identify customer segments to design a promotion targeting high-value customers or an inventory control plan to ensure short product shelf life.

One might confuse data querying with data mining. But if we consider the example of generating a plan for controlling inventory at a newly opened home improvement store, then by simply querying sales transactions to determine the fastest selling products from the past few months (from other store ...